This market research study identifies Dell, EMC, Hitachi Data Systems, HP, IBM, and NetApp to be the leading players in the global enterprise storage market. A comprehensive analysis of this market is also presented by storage systems (SAN storage systems, network-attached storage systems, and DAS systems) and geography (the Americas, APAC, and EMEA).

Overview of the global enterprise storage market

The global enterprise storage market is anticipated to grow rapidly and will post a CAGR of close to 16% during the forecast period. The increasing demand for the cloud-based storage will drive the growth prospects for the global enterprise storage market until the end of 2020. Cloud storage is known and considered to be an effective solution for enterprises worldwide. The size of commercial data varies between small-medium-sized enterprise (SMEs) and large enterprises and requires an efficient platform to store the huge amount of data. Also, with the growing amount of data generated through the Internet of thing (IoT), on-premise storage has become an expensive affair for enterprises. These factors compel the enterprises to move their data to the cloud storage (STaaS) by selecting service providers such as Amazon Web Service, Microsoft Azure, and Google Cloud Platform. Moreover, factors such as reduced cost, better scalability, and high availability have resulted in the increased demand for the cloud-based storage systems.

The growing demand for software-defined storage (SDS) is expected to drive the growth prospects for the global enterprise storage market in the forthcoming years. SDS is a data storage software that helps in data management, data protection, data placement, and input or output capabilities. Some of the factors responsible for its increasing demand is enhanced flexibility, scalability, and automation capabilities of an enterprise storage infrastructure. Also, it reduces the overall storage costs for enterprises by allocating storage resources efficiently.

Competitive landscape and key vendors

The global enterprise storage market witnesses an intensive competitive environment due to the presence of both established vendors as well as new vendors. Some of these established vendors are increasingly focusing on product innovation. Also, some of the emerging vendors in the market are increasingly offering modern systems like flash-based arrays and are likely to enter the hybrid storage arrays market.

Segmentation by storage systems and analysis of the enterprise storage market

•SAN storage systems

•Network-attached storage systems

•DAS systems

The network-attached storage (NAS) systems segment is the fastest growing market segment and will continue to grow during the forecast period. One of the major factors responsible for the market segment’s growth is the increasing adoption of storage media and demand for data backup.

Segmentation by geography and analysis of the enterprise storage market

•Americas

•APAC

•EMEA

In terms of regions, the Americas accounted for the maximum market share during 2015 and will continue to dominate the market for the next few years. One of the major factors contributing to the market’s growth in the region is the construction of data centers in developing regions.